Dictionary and Definitions

Users – individuals or other economic agents circulating on the Ecex.Exchange.

An account holder – might be an individual or corporate account

An account number – example: EX29ECEX1842A6FFAD83

An account refers to a balance of assignments, money, other digital assets.

The non-disclosure agreement (NDA). It is a contract through which the parties agree not to disclose information covered by the assignment agreement. An NDA creates a confidential relationship between the parties, typically to protect any type of confidential and proprietary information or trade secrets. As such, an NDA protects non-public business information.

An assignment is a legal term used in the context of the law of contract and of property. In both instances, assignment is the process whereby a person, the assignor, transfers rights or benefits to another, the assignee.

An assignment agreement is a contract in which one party assigns contractual rights. 

An assignor is a person, company, or other entity who transfers rights that they hold to another entity. The assignor transfers to the assignee.

An assignee is a person, company or entity who receives the transfer of property, title or rights from a contract. The assignee receives the transfer from the assignor.

Debt is an amount of money borrowed by one party from another. Debt is used by many corporations and individuals as a method of making large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.

creditor is an entity (person or institution) that extends credit by giving another entity permission to borrow money intended to be repaid in the future.

debtor is an entity that owes a debt to another entity. The entity may be an individual, a firm, a government, a company or other legal person. The counterparty is called a creditor. When the counterpart of this debt arrangement is a bank, the debtor is more often referred to as a borrower

Credit is a broad term that has many different meanings in the financial world. It is generally defined as a contractual agreement in which a borrower receives something of value now and agrees to repay the lender at a later date — generally with interest.

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